The other day, the New York Times provided us with an example of how fads and fashions can be used to draw attention to, and win acceptance for, an economic argument. 1,739 more words
Tags » Robert Shiller
I have just read John Mauldin’s warning that the market is overvalued:
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Not only does today’s CAPE of 25.4x suggest a seriously overvalued market, but the rapid multiple expansion of the last few years coupled with sluggish earnings growth suggests that this market is also seriously overbought, as I pointed out last week and as we are seeing play out this week.
Soaring compensation levels for executives can be the consequence of a “crony effect” on companies’ boards, said Nobel prize winner Robert Shiller.
“There is a crony effect in business,” Shiller said in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland. 198 more words